201 Milford Mill RdPikesville, MD 21208

Property Details for 201 Milford Mill Rd

Year built

1989

Lot size

1.27 AC

Property size (Sq ft)

13,362 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

03-2500005934

APU

32500005934

Description

This exceptional two-story office building, located at 201 Milford Mill Road in Pikesville, Maryland, boasts 55,321 square feet of leasable space and is currently 100% occupied by stable, long-term tenants under double net leases, ensuring consistent income and reduced landlord expenses. The property benefits from a prime location near major banking institutions (Capital One and Wells Fargo), offering convenient access to financial services. Its strategic proximity to shipping centers optimizes logistics, while nearby amenities such as The Silk Road Bistro, First Watch, Applebee's, Seven Mile Market, Target, and Giant Food cater to tenant and visitor needs. Excellent public transportation is readily available via nearby Old Court, Milford Mill, and Rogers Ave Metro stations, as well as bus stops. The building features a functional elevator and ample parking. This property presents an owner-user opportunity, allowing a business to occupy its own space, and offers the potential to subdivide larger units into smaller, below-market-value spaces, maximizing rental income and attracting a diverse tenant base. Situated in the thriving commercial hub of Pikesville, Baltimore County, this asset is poised for strong, long-term returns, capitalizing on the area's robust demographic growth and modern infrastructure. The asking price is $2,950,000, but offers will be considered.

• CAP approach

  CAP return

  Valuation

  6%

  $2,030,052

  6.5%

  $1,873,894

  7%

  $1,740,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $840,603

  Geo Method

  $840,603

• Alternative Use

  Use

  Valuation

  Residential

  $2,323,628

  Hospitality

  $2,128,431

  Educational

  $1,770,830

  Medical

  $1,831,731

  Retail

  $2,754,624

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.3669

Longitude

-76.7188

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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